Title
USDCHF H4 | Bouncing off support level?

Type
Bullish Bounce

Preference:
The price is falling toward our pivot point of 0.8862 , which serves as a pullback support level. A bounce from this point could lead the price to rise to the 1st resistance at 0.8931, an overlap resistance.

Alternative scenario:
However, if the price breaks below the pivot, it might decline to the 1st support at 0.8794, also an overlap support level.

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